HFTrading is an online CFD financial service provider that is regulated by the Australian Securities and Investments Commission (ASIC) as well as the New Zealand Financial Markets Authority (FMA). The financial service provider is operated by CTRL Investments Limited, which is based in New Zealand. HFTrading’s registered address is Level 13/1 Albert Street, Auckland CBD, Auckland 1010.
General Information
Traders who use the platform have access to over 300 CFDs, which cover different markets such as forex, shares, commodities, metals, indices, and cryptocurrencies. The CFDs are accessible across these account types, which are called the Silver, Gold, and Platinum accounts. Traders can also access Islamic swap-free trading.
The financial service provider utilizes the globally recognized MT4 trading platform on desktop, web, and mobile devices. HFTrading also offers traders access to a wide array of educational materials via various mediums such as eBooks, tutorials, videos, articles, and webinars. Users also have access to an Economic Calendar.
Advantages and Disadvantages
Regulated Financial Service Provider: HFTrading is regulated by ASIC and the FMA. Both of these regulators are considered tier-1 regulators.
Wide Range of Trading Instruments: HFTrading offers traders access to over 300 CFDsin different markets such as indices, forex, metals, energies, and more.
No Hidden Fees & Charges: traders using this platform will be pleased to know that they are not exposed to additional, undisclosed fees and charges. Traders on this platform enjoy zero-fee deposits without any hidden charges.
Low Spreads: HFTrading offers traders spreads of as low as 2.1. It ensures traders can make the most out of their trading experience.
Great Customer Support: HFTrading offers users great customer support that is available Monday-Friday: 10:00PM – 10:00AM GMT. While the platform is intuitive and easy to navigate, traders who need any further guidance can easily access it via customer support.
Limited Trader Research: One aspect that may disappoint traders is the limited trader research section. However, numerous free tools online should help them find the information they need.
High Overnight Swap Rates: In general, the overnight swap rates on HFTrading are higher than the industry average. However, the financial service provider makes up for it with great swap discounts for some account types.
Trading Conditions
Traders will get access to optimum trading conditions. On HFTrading, the maximum leverage offered is 1:500, which allows traders to open larger trades compared to their initial investment. However, traders must be aware of the risk exposure that comes with leverage trading – magnified losses. Spreads are also competitive and traders can access spreads of as low as 2.1.
Underlying Assets
Traders have access to a wide array of CFDs. They will have access to over 300 CFDs in shares, indices, commodities, forex, and cryptocurrencies. There are CFDs of FX pairs that cover major, minor, as well as cross-currencies. Traders will also have access to CFDs of commodities that cover softs, metals, precious metals, and energies. There are also CFDs of stock indices, which represent the UK, US, Europe, and the Asia Pacific markets.
When it comes to share CFDs, a majority of which are for underlying US stocks traded on US exchange, CFDs of leading cryptocurrencies, and CFDs of ETFs based on the industrial, energy, and technology industries.
Trading Platform
HFTrading uses the MetaTrader 4 platform, which is used by traders globally. The platform is feature-filled. It allows users to view live price movement, analyze changes in the market, create bids, manipulate bids, set stop loss, and take profit orders, and much more. MT4 is also renowned for being secure, which ensures that user data is secure.
Users of HFTrading will also have access to a WebTrader, which is accessible via all modern browsers. The WebTrader offers users access to all MT4 features. Traders get access to lightning-fast execution speeds, helpful charts, and a wide array of analytical tools that offer in-depth analysis of the market.
Mobile Trading
Users of HFTrading will also have access to a mobile app for android and iOS devices. The mobile app will provide users access to the MT4 trading platform. All features accessible via the web version are accessible via the mobile app.
With the mobile app, you can continue with your daily routine while doing regular checks via your mobile device. Users of the mobile app can access full asset catalogs, numerous daily updates, market reports, and access all financial markets.
Demo Account
HFTrading offers traders access to a free demo account. With the demo account, users can test all features offered by the online CFD provider. The demo account comes with $10,000 virtual funds that users can trade on all available CFDs. They have designed the demo account for use by experienced and novice traders. It allows traders to familiarize themselves with the platform before they enter live trading.
Account Types
HFTrading supports three account types. These are the Silver, Gold, and Platinum accounts. The Silver account caters for new traders. Traders have access to spreads of as low as 3.2 and leverage of 1:200.
The Gold account is designed for intermediary traders, who already understands the markets and they wish to take their trading to the next level. With the account, traders can access spreads of as low as 2.6 and leverage of 1:400. There is also a swap discount of 25%.
The Platinum account is designed for experienced traders at the height of their trading journey.. It features a minimum spread of 2.1 and maximum leverage of 1:500. The platinum account holders are also entitled to 50% swap discounts.
There is also option for swap-free/Islamic accounts.
Opening an Account
Opening a live account on HFTrading is quite easy. A four-step process allows traders to begin their trading career with the financial service provider. In the first step, you must pick an account type that best suits your needs. In the next step, click on the Sign Up button and fill in the form provided with your personal information. Step three entails making a deposit. Once your account is verified, you can begin trading CFDs that are available with HFTrading.
Funds Withdrawal
Traders using HFTrading are not charged any deposit fees. There is a minimum deposit fee of $250 to begin trading on this platform. Deposits can be made using a variety of methods including credit and debit cards or using a phone.
To make a withdrawal, users make a simple withdrawal request in the Client Portal section. They have to provide their trading account details, the amount they wish to withdraw, the payment method, personal details, and the personal details of the preferred withdrawal account. Withdrawals are typically processed in three working days upon acceptance. However, they may take longer depending on the institution where the funds will be sent.
Trader Training
HFtrading provides traders with educational resources on the various aspects of trading. They have a comprehensive glossary section of all financial terms, eBooks, and various tutorials regarding the platform. The educational materials are easily accessible via the website.
They will offer traders short audio-video films designed with newbies in mind. These videos help to break down complex aspects of the market into simple tutorials. The videos cover areas such as chart patterns, market analysis, trading styles, risks, and various other aspects.
The eBooks offered are quite informative. They include pictures, images on beginner strategies, graphs, trading psychology, technical analysis, capital management, and much more. Besides eBooks, traders also get access to numerous courses on the markets, stocks, CFDs, social trading, various trading strategies, and more. The courses are designed to provide newbies with the tools and knowledge they need to understand the market.
On HFTrading, users also get access to useful tutorials. They include how to navigate the MT4 platforms, how to use the platform and tools. The tutorials guide users on how to use MT4 on both the web and mobile devices.
Should I Trade with HFTrading?
HFTrading is an option for traders based looking to trade CFDs online.. It is licensed and regulated by the FMA and ASIC, which are both reputable regulators. Traders get access to all markets and access to a wide array of CFDs. Different account types are designed to accommodate traders of all levels. In general, HFTrading is an option for traders seeking an online CFD trading platform.